In 2023, Germany led the global market for automatic electric resistance welding equipment, capturing the largest export share. Japan, Sweden, and China followed, with notable contributions. Among other significant exporters were Canada, the Netherlands, and Italy. Over the previous year, Latvia, Singapore, and Malaysia showed declining trends, while countries like Bosnia and Herzegovina, Estonia, and Peru experienced exponential growth in their export shares. Emerging markets such as Uganda and Bahrain demonstrated substantial gains.
Looking ahead, potential growth in countries like India and South Korea is worth watching, as they benefit from increasing investments in industrial automation. Additionally, technological advancements and geopolitical factors may influence shifts in the competitive landscape.
Top countries in Export of Automatic Electric Resistance Welding Equipment Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 23.03 | 2023 | +3.27% | +2.35% | View data |
| 2 | 2 Japan | 17.11 | 2023 | +2.2% | +0.86% | View data |
| 3 | 3 Sweden | 15.39 | 2023 | +1.43% | +2.01% | View data |
| 4 | 4 China | 6.01 | 2023 | +2.43% | +1.69% | View data |
| 5 | 5 Canada | 5.67 | 2023 | +3.27% | -0.071% | View data |
| 6 | 6 Netherlands | 5.67 | 2023 | +2.21% | +3.56% | View data |
| 7 | 7 Italy | 4.94 | 2023 | +1.21% | +0.41% | View data |
| 8 | 8 South Korea | 4.16 | 2023 | +0.74% | +3.33% | View data |
| 9 | 9 Switzerland | 3.9 | 2023 | -1.35% | -0.56% | View data |
| 10 | 10 United States | 3.86 | 2023 | -1.59% | +0.81% | View data |
